Object of desire: Alexander Wang bagI was obsessed with studs last summer (see here and here), and I can safely say there are no signs of it letting up. I am also equally obsessed with Alexander Wang, and so when I saw this post on Fashionologie, my head almost exploded. Mary-Kate Olsen has already been photographed carrying the bag at right, from Wang's fall 2009 collection (as in the collection that he's showing Saturday evening), and apparently he sent one to Julia Restoin-Roitfeld too. The bag has a relatively simple satchel shape--the better to show off the texture of the embossed leather--but what makes it incredibly badass is the studded underside. Having seen this, I now can't wait to see what kind of clothes Wang has designed for the bag to complement. I guess we'll find out on Saturday!

This gorgeous, gorgeous thing obviously won't hit stores until late this summer at the earliest, but if you can't wait that long, Shopbop has two great bags for sale now: the Donna hobo and the Brenda zip bag, both of which are under $800, which, while not exactly affordable, is not terrible in terms of designer bags. However, I think I'll be saving my pennies for the studded one.